Showing 4566 Documents for "economic issues"

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    • MAS
    • Speeches

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    •    Prime Minister, Lee Hsien Loong Deputy Prime Minister and Chairman MAS, Tharman Shanmugaratnam Distinguished guests, ladies and gentlemen, Staff and management of MAS are delighted to welcome you to our 40th anniversary celebrations. 1   An anniversary is a good time to thank all those who made the journey a successful one. First, we thank the past leaders and staff of MAS 2  Economic and financial stability that Singapore has enjoyed over last 40 years is result of tireless efforts of generations
    • MAS
    • Speeches

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    • Mr. Manfred Wiebogen, ACI Global President Distinguished guests, ladies and gentlemen 1   I am delighted to be here today with all of you. 2   The last time Singapore hosted the ACI Congress was back in 2001.  In fact, it was just before 9/11. The world was in a very different place. Asia too was so different from today. The wounds of the Asian crisis of the late 90s were still fresh. Investor confidence in the various countries in the region was uneven. And Asian capital markets were by and large
    • MAS
    • Media Releases

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    • Singapore, 11 November 2021 … The Monetary Authority of Singapore (MAS) today announced the results of the Global Central Bank Digital Currency Challenge (Global CBDC Challenge) at the FinTech Awards Ceremony of the Singapore FinTech Festival (SFF). The Global CBDC Challenge has helped to identify and develop retail CBDC solutions that increase payment efficiencies, improve financial inclusion and support the broader digitalisation drive in the economy. The Challenge was held in partnership with
    • MAS
    • Speeches

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    •  BNP HF Symposium: The Future of the Hedge Fund Industry 1   A very good afternoon to all.  It is my pleasure indeed to join all of you here today. Before I begin, I would like to thank Patrick Fauchier and BNP Hedge Fund Centre for organizing this symposium. Impact of the Crisis on the Global Hedge Fund Industry 2   The hedge fund industry as a whole ended 2008 with the worst performance ever, with the Eurekahedge Hedge Fund Index registering negative 12.5%. The significant losses led to massive
    • MAS
    • Media Releases

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    • Singapore, 11 November 2021 … The Monetary Authority of Singapore (MAS) today announced the results of the Global Central Bank Digital Currency Challenge (Global CBDC Challenge) at the FinTech Awards Ceremony of the Singapore FinTech Festival (SFF). The Global CBDC Challenge has helped to identify and develop retail CBDC solutions that increase payment efficiencies, improve financial inclusion and support the broader digitalisation drive in the economy. The Challenge was held in partnership with
    • MAS
    • Monetary Policy Statements

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    • 14 April 2016 INTRODUCTION 1.   In October 2015, MAS kept the Singapore dollar nominal effective exchange rate (S$NEER) policy band on a modest and gradual appreciation path, but reduced its rate of appreciation slightly. There was no change to the width of the policy band or the level at which it was centred. This policy stance was assessed to be supportive of economic growth into 2016, while ensuring price stability over the medium term. Chart 1 S$ Nominal Effective Exchange Rate (S$NEER) 2.   
    • MAS
    • Speeches

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    •  Date: 11 Dec 1998 Mr Peter Tan, Chairman of the Finance Houses Association of Singapore Ladies and Gentlemen, Thank you for inviting me and my colleague, Mr Tharman Shanmugaratnam, to the 30th Anniversary celebrations of the Finance Houses Association of Singapore. FINANCE COMPANIES' CONTRIBUTION TO SINGAPORE 2   Over the last 30 years, finance companies have been an important source of funds for small and medium-sized enterprises in Singapore. They have provided financing to various sectors of
    • MAS
    • Speeches

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    •  "Challenges, Opportunities, Realities" Over the last 25 years, SIBOS has developed to become a major financial services event. More than just a showcase for new products, SIBOS is an important forum where thought leaders in the industry share their views on the global financial landscape and the implications for their businesses. 2   I would like to talk about the realities and challenges facing us today. I will then share what Singapore is doing to remake our economy. In particular, I will focus
    • MAS
    • Speeches

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    •  Distinguished guests, Ladies and gentlemen, 1   Good morning and a very warm welcome to everyone here today, especially to our guests from abroad. 2   I am very pleased that Citi is holding its Annual Asia Pacific Fixed Income Investor Conference here in Singapore for the second time.  I am confident this conference will serve as an excellent platform, through the dynamic discussions and exchanges of views, to conceive fresh ideas and to establish new business relationships. 3   The landscape of
    • MAS
    • Speeches

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    • Minister for National Development Mr Desmond Lee, ladies and gentleman, good afternoon. Let me start with the big picture. To limit global warming to 1.5 ° C, global annual greenhouse gas emissions need to be halved by 2030 and reduced to net-zero by 2050. Yet, the trajectory of carbon emissions is still on a steady uptrend. Just on energy needs alone, demand in Asia is projected to double in 2030. Economic development will drive demand for fossil fuels, which is still the cheapest way to generate